$TAO has undergone a pronounced corrective phase after topping near 218.7, reflecting broader market weakness and strong distribution at higher levels. The decline accelerated into the 142–145 demand zone, where price printed a sharp rejection wick, signaling seller exhaustion and institutional dip-buying interest. This reaction suggests the market has likely formed a short-term bottom. The subsequent recovery toward the 165–172 region shows improving price stability, though the structure remains technically corrective until higher resistance levels are reclaimed. Volume behavior during the rebound indicates participation is returning, but confirmation is still needed for a sustained trend reversal.
From a structure and level-based perspective, immediate support is located at 155–158, a zone that must hold to maintain recovery momentum. Below this, the 142–145 range remains the most critical demand area and acts as the invalidation point for bullish scenarios. On the upside, key resistance stands at 172–180, aligning with previous support-turned-resistance and the descending structure. A decisive 4H close above 180 would confirm a bullish shift and expose upside targets toward 190–205, with extended potential toward 218 if momentum strengthens. Until resistance is reclaimed, $TAO is best approached with patience and pullback-based strategies, as volatility remains elevated and the market is still transitioning from correction to possible trend continuation.
Not Financial Advice)
Disclaimer: I am not your financial advisor. #cryptotradinganalysisboss #TAO #BinanceSquare
